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New York City to Pay $6.25M to Man Exonerated in 1989 Killing
New York City has agreed to pay $6.25 million to a man who spent nearly 25 years in prison before being exonerated in a killing that happened while he was more than 1,000 miles away vacationing at Disney World, the …
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Congress Finally Approves Fast Track Trade Authority
Legislation vital to securing the largest U.S. trade deal in decades was passed by the Senate on Wednesday by a comfortable margin, advancing President Barack Obama’s efforts to strengthen U.S. economic ties around the Pacific Rim. After a six-week congressional …
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Supreme Court Upholds Obamacare Tax Subsidies
The U.S. Supreme Court today upheld the tax subsidies for health insureds across the country including those in states without their own health exchanges that use the federal health insurance exchange. In a 6-3 opinion (King v. Burwell) written by …
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ACE Report Cautions Multinationals About Rising Professional Indemnity Risks
Increasing numbers of international firms are being exposed to the risk of professional negligence, misrepresentation, or breach of duty claims when operating both at home and abroad, according to a report published by ACE Group. There are increasing numbers of …
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Models for Explosions from Terrorist Attacks Could Reduce the Carnage
While catastrophic event models mainly focus on weather related events, the world also has to cope with catastrophic terrorist acts, particularly those caused by explosive devices placed in areas where they will cause the most damage and kill the most …
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Willis Appoints Weaver CEO Singapore, SE Asia, Hooker for Natural Resources
Willis Group Holdings plc has appointed Simon Weaver as CEO of its Singapore office, and to the newly-created role of regional CEO for south-east Asia. He will be is moving from Miller, where he has spent two years as Head …
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LP Insurance Services in California Taps Whitfield
LP Insurance Services Inc. has named Cory Whitfield as a risk management consultant in its risk management services division in Sacramento, Calif. At LP Insurance, he is responsible for on-site inspections, safety program development, and management training and employee education. …
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Mississippi Mayor Wants Residents to Clean Up Left Over Katrina Debris
Gulfport Mayor Billy Hewes wants slabs and pilings left behind when Hurricane Katrina tore the businesses and homes removed. Hewes said the debris is “unsightly” and a “blight.” The Sun Herald reports the city council will consider an ordinance July …
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Citizens’ Approves Rate Decreases for Most Florida Insureds
Citizens Property Insurance Corporation’s Board of Governors has approved a 2016 rate package that lowers rates for nearly half of Citizens’ personal lines policyholders while responding to increased water loss claims and continued inadequate rates for its remaining policyholders along …
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7 in California and Washington Charged With 100+ Counts of Auto Insurance
Seven people in California and Washington were arrested for allegedly conspiring to defraud eight insurance companies by submitting fraudulent auto insurance claims totaling more than $175,000. Detectives from the California Department of Insurance, assisted by Snohomish County Marshall’s Office and …
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